The global sensors market in healthcare and medical applications is slated to expand at a compound annual growth rate (CAGR) of 13.1% between 2016 and 2022. High growth can be expected in the biosensors and wearable sensors product segments.
In addition to the market growth analysis, the study highlights the key driving forces for the sensors market in healthcare and medical applications. Key drivers include the increased usage of smartphones and mobiles, which make it possible to keep track of health and fitness using apps and end-user devices. Sensors are increasingly being integrated into end-user devices and accessories, and miniaturization of sensors is leading to ease of integration. The global sensors market in healthcare and medical applications is led by North America followed by Europe.
With patient care moving from hospitals to homes, the home diagnostic and consumer healthcare segments are the key opportunity areas. The wearables market will explode, leading to huge opportunities for sensors in the wearables product segment.
Research Scope
The market trends are analyzed for a study period of 2014 to 2022, with the base year being 2016. Sensors used in healthcare and medical applications are the key focus area in this study. The sensors are further segmented by vertical market (consumer health and clinical health), connection type (wired sensors and wireless sensors), and usage type (wearable sensors and non- wearable sensors). The study also provides a breakdown of the various types of sensors such as biosensors, temperature sensors, pressure sensors, and so on.
Companies mentioned in the global sensors market in healthcare and medical applications landscape include GE Healthcare, Honeywell Sensing and Control, Philips, STMicroelectronics, Siemens, First Sensors, Danaher Corp, and others. The regional segment Southeast Asian (SEA) countries included in this study are Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Market revenues have also been analyzed for these SEA countries.
Key Questions This Study Will Answer
• What are the different types of sensors used in healthcare and medical applications?
• Which sensors are likely to experience growth over the coming years in the clinical and consumer healthcare segments?
• What are the key application areas for sensors in healthcare and medical applications?
• How does the competitive landscape look for sensors healthcare and medical applications? What are the opportunity areas for existing participants and scope for new entrants?
• What are the key market, technology, and economic trends that will have an impact on the sensors market in healthcare and medical applications?